The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
The U.K. will find out who its next prime minister will be this week as voting within the U.K.'s ruling Conservative Party comes to a close.Europe Politicsread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia were lower on Monday, as shares on a new Nasdaq-style technology board on the Shanghai Stock Exchange skyrocketed on their debut day.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Semiconductor stocks in South Korea soared on Thursday following the earnings release of U.S. chipmaker Micron Technology overnight, which bested expectations.
Beating on the top and bottom line, Micron reported earnings per share of $1.71 on revenue of $5.84 billion. Wall Street had estimated earnings per share of $1.67 on revenue of $5.82 billion, according to Refinitiv.
Micron's revenue compares to the $7.35 billion they earned in the same period last year.
Its President and CEO Sanjay Mehrotra cited a "challenging market environment" for the revenue decline.
Even though the U.S. chipmaker gave a forecast for its fiscal third quarter that was below Wall Street's expectations, the company predicted that demand will likely begin growing again by the fourth quarter.
Following that earnings release, Micron shares jumped 4.78 percent in after-hours trading on Wednesday stateside.
"I think this after-market performance that you're seeing from Micron will confound people, and has confounded people that with negative prints, a lot of these stocks have continued to go up," Manish Nigam, Asia-Pacific head of technology research at Credit Suisse, told CNBC's "Squawk Box" on Thursday.
"Tech was one of the worst performing sectors last year. Year-to-date, it is one of the best performing sectors," said Nigam, attributing some of the recent tech gains to a "rebound" from last year's losses.
Growing trade tensions between the U.S. and China, coupled with nagging concerns about the Chinese economy have rattled confidence in some of the industry's key players. Soft iPhone sales, along with a deceleration in cryptocurrency mining ventures, further fed investor anxiety surrounding weakened demand.
Looking ahead, Credit Suisse's Nigam said investors should focus on supply-side issues within the sector, with Micron, SK Hynix and Samsung all signalling a reduction in capital expenditure.
"Based on the current (capital expenditure) guidance from all three main memory makers, you are looking at a underlying supply growth which will not be more than 15 percent," Nigam said. "Demand growth, even in a reasonably bearish scenario, will probably be well ahead of that."
As a result, he said, the discussion in the sector could be moving from "current inventory concerns and sharp (average selling price) concerns to concerns around likely shortages ... before the year is out."
— Reuters, along with CNBC's Maggie Fitzgerald and J.R. Reed, contributed to this report.